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Trade
Chinese Estate Share Soared High After China Evergrande Group Announcement
Hong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after the firm announced…
2020 Trade Volume Between China Nigeria Was $20bn: Chinese Ambassador to Nigeria
The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trade volume between his country and…
Chinese Glassmaker Raise $100 Million To Fund International Expansion And…
Chinese augmented reality (AR) glasses maker Nreal has raised $100 million to fund international expansion and…
Nigeria Exchange Market Close Negatively Amidst Sell-Offs
At the end of today’s trading session, the Nigerian Exchange market closed negative amidst sell-offs and…
Housing Market Experience It’s First Increase In Three Month
Homebuilders in the single-family construction market are feeling better, as lumber prices are way down from…
Dollar Exchange At Different Rates In Lagos And Abuja
The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after online…
Nigeria’s VAT Conundrum: What States Generated And Received In The Last 8 Months
As the Value Added Tax (VAT) war rages, Saturday Vanguard obtained details of collections made by each state and…
Nigeria: Department of Petroleum Resources Set Additional Revenue Target Of N5…
At a period when most Ministries Departments and Agencies(MDAs) are struggling to met their 2021 revenue budget,…
Stock Market Experiencing Gradual Slow Down
The land mines for the markets are becoming more numerous. Seasonal weakness is combining with continuing…
Naira Depreciates Further In The parallel market; Exchanges At N557 To $1
Naira depreciates as the exchange rate at the parallel market depreciated again to another all-time low on Tuesday…
Nigeria’s Inflation slides For Five Consecutive Month
The Consumer Price Index which measures inflation rate fell to 17.01 per cent in August, the National Bureau of…
Intra-African Trade Slows, Raises Concern For Stakeholders
Stakeholders have highlighted the underlying issues hampering the growth of intra-African trade despite the…
Oil Rallies To $73 On Tight U.S. Supplies
Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a…
Oil Bounce, Futures Push Upwards After Biden-Xi Call
U.S. stock index futures rose on Friday, as signs of an easing in tensions between the United States and China…
Nigeria: Investors Wealth Continues To Dip
Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX),…
Stock Futures Open Slightly Higher After Dow Slips Following August Jobs
U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday…
United Oil & Gas Signs Binding Deal To Sell North Sea Assets
United Oil & Gas PLC (AIM:UOG, FRA:1UO) is advancing its deal to sell its North Sea licences, signing a binding…
Nigeria: Investors Lose N4.23bn As Consumer Goods Stocks Decline
The equities market of the Nigerian Exchange Limited declined by N4.23bn at the end of trading on Monday amid…
Nigeria: Oil And Gas Free Trade Zone Attracts $16.6bn Foreign Investments In 20…
The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the…
Stock Market Sheds N117bn As Investors Take Profits
The equities listed on the Nigerian Exchange Limited shed N117.03bn last week, with analysts attributing the market…
Match Shares Soar On News It Will Join S&P 500
Shares of Match Group rose more than 8% after hours, following news that the company is joining the S&P 500.…
Africa’s Cross-Border Trade is Worth $93b – Osinbajo
The Vice President, Professor Yemi Osinbajo, has estimated the value of informal trade in the African Continent to…
Chevron Braces For Activist Challenge; Meets Engine No.1 Representatives- WSJ
Chevron Corp (CVX.N) is preparing to defend itself against a potential activist challenge and met with…
President Xi Says China To Set Up Stock Exchange In Beijing
China's President Xi Jinping on Thursday (Sept 2) said the country would set up a stock exchange in its capital,…
Financials Took S&P 500 Leadership In August, And Traders See Continued…
Financials led the market in a red-hot rally in August.
The sector gained 5% last month, narrowly edging out…
Virgin Galactic ‘Could Really Take Off’ If It Breaks Above This Level, Trader Says…
Virgin Galactic could be setting up for a sustained move higher.
Jefferies initiated coverage of the space…
Slumping Asian Currencies Face More Risk From Slowdown In China
Hong Kong's shopping districts are dotted with money changers advertising their remittance services and conversion…
Africa Lacks Production Capacity To Meet Local Demand For Oil Palm
The Secretary, National Action Committee on Africa Continental Free Trade Agreement (AfCFTA), Mr. Francis Anatogu…
Nigeria: ICT Sector Contributes N5.5tn To GDP In Six Months
The Information, Communication and Technology sector contributed N5.5tn to real Gross Domestic Product in the first…
Atedo Peterside Doubts Nigeria’s NNPC N287bn Profit, Challenges Corporation
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to…